2022
Flag  
GDP
$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH
29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC 
$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH
0.17%CURRENT US$
Rnk 139 / 186

About

Madagascar-North Korea Trade: In 2022, Madagascar exported $1.51k to North Korea. The main products that Madagascar exported to North Korea were Non-Retail Carded Wool Yarn ($1.51k). Over the past 7 years the exports of Madagascar to North Korea have decreased at an annualized rate of 18.2%, from $6.17k in 2015 to $1.51k in 2022.

In 2022, Madagascar did not export any services to North Korea.

North Korea-Madagascar Trade: In 2022, North Korea exported $926 to Madagascar. The main products that North Korea exported to Madagascar were Liquid Pumps ($720) and Shaving Products ($206). Over the past 7 years the exports of North Korea to Madagascar have decreased at an annualized rate of 46.6%,  from $1.71M in 2015 to $926 in 2022.

In 2022, North Korea did not export any services to Madagascar.

Comparison In 2022,  Madagascar ranked 115 in the Economic Complexity Index (ECI -1.08),  and 133 in total exports ($4.25B). That same year, North Korea ranked 182 in total exports ($248M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Madagascar exported $1.51k to North Korea. The main products exported from Madagascar to North Korea were Non-Retail Carded Wool Yarn ($1.51k). During the last 7 years the exports of Madagascar to North Korea have decreased at an annualized rate of 18.2%, from $6.17k in 2015 to $1.51k in 2022.

In 2017, North Korea exported $926 to Madagascar. The main products exported from North Korea to Madagascar were Liquid Pumps ($720) and Shaving Products ($206). During the last 5 years the exports of North Korea to Madagascar have decreased at an annualized rate of 46.6%, from $1.71M in 2022 to $926 in 2017.

Exports from Madagascar (Flag) to North Korea (Flag) (2022)

Exports from North Korea (Flag) to Madagascar (Flag) (2022)

Latest Data

Trade between Madagascar (Flag) and North Korea (Flag)

Madagascar Exports

Market Competitiveness

Color
Madagascar
Top Destination
United States$756M
North Korea
Top Destination
China$131M

This map shows whether countries import more from Madagascar or North Korea. Each country is colored based on the difference in imports they receive from Madagascar and North Korea or the difference in the growth in imports.

In 2022, countries that imported more from Madagascar than North Korea included United States ($756M), France ($634M), and Japan ($448M).

In 2022, countries that imported more from North Korea than Madagascar included Senegal ($26.9M), Luxembourg ($6.44M), and Mozambique ($5.73M).

Difference in imports from North Korea (Flag) and Madagascar (Flag) (2022)

Comparative Advantage Madagascar - North Korea

Flow
Scale

This chart compares trade between Madagascar and North Korea by product, considering products traded by both, Madagascar and North Korea.

During 2022, Madagascar had a large net trade with North Korea in the exports of Textiles ($1.51k).

During 2017, North Korea had a large net trade with Madagascar in the exports of Machines ($720) and Chemical Products ($206).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Madagascar and North Korea. This means that a dot/product with the flag of Madagascar indicates it has a comparative advantage over North Korea. Similarly, a dot/product with the flag of North Korea indicates it has a comparative advantage over Madagascar.

Product Space of Madagascar (Flag) and North Korea (Flag) (2022)

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